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Mt. Gox transfers 364.4 million USD in Bitcoin, impacting market subtly

This month, Mt. Gox transferred 364.4 million USD worth of Bitcoin to B2C2. Lookonchain indicates consistent transfers of 200 to 300 BTC daily since December 5, signaling a strategic move in the market.

B2C2, acquired by SBI Financial Services, is a MAJOR liquidity provider in crypto markets. The strategic transfers aim to reimburse creditors without affecting Bitcoin’s price stability, which remains crucial.

Mt. Gox holds 36,085 BTC, valued at approximately 3.4 billion USD, suggesting a significant reserve. This move could be part of efforts to settle long-standing debts while maintaining market integrity.

This is community-generated content, not advice from ONUS.
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